An anonymous reader quotes a report from The Verge: A group of automakers has created a new company to build a network of 400 fast chargers across Europe ahead of the wave of new electric cars they've promised in the next few years, as countries push EVs as a way to meet emissions goals. Ionity, announced Friday by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group, will install a network of 400 high-power EV chargers across Europe by 2020. There are already 20 chargers under the Ionity network that are being installed this year in Germany, Austria, and Norway at 75-mile intervals, the companies said. Those chargers would also be maintained through partnerships with stores such as Tank & Rast, Circle K, and OMV. Such a network is also necessary to compete with the efforts from Tesla's Supercharger network, which is now 7,000 strong worldwide. It uses the company's own connector and started a major European expansion three years ago. To that, Ionity has invited other companies to join the venture in which the four initial automakers have an equal share.